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20121227
20121227
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English 83
Search Results 0 to 49 of about 83 (some duplicates have been removed)
CNBC
Dec 27, 2012 4:00am EST
to avoid the fiscal cliff as the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government battles to weaken currency. exports are rising, pushing the nikkei to its strongest gain in 20 years. .shares of toyota are heading higher after the u.s. settled a class action lawsuit. the $1 billion payment is already priced in. okay. welcome to "worldwide exchange." plenty of news to watch out of washington. all of this week, we thought it would be a quiet one. but i won't be inside the beltway if they want to get something done. the u.s. will hit the $16.4 trillion debt ceiling come monday. in a letter to congressional leaders, geithner says treasury will begin taking steps to save the government about $2 billion. geithner says it's harder to predict a time frame because the ongone fiscal cliff talks make it difficult to forecast next year's budget. among the measures treasury will take including suspending state and local government securities and investments in the federal employee pe
CBS
Dec 27, 2012 12:00pm PST
called congressional leaders before he left hawaii searching for a way to avoid the "fiscal cliff." danielle nottingham is in washington where it appears little progress is being made. >> reporter: president obama and the senate cut short their holiday vacations to work out a last-minute deal to avoid the "fiscal cliff." they have less than five days to come to agreement before tax hikes and spending cuts kick in. senate majority leader harry reid has a plan to let tax cuts expire for households making more than $250,000 a year along with short-term spending cuts instead of the long-term cuts that would happen if there is nodule. >> the american people are waiting for the ball to drop but it's not going to be a good drop because americans' taxes are approaching the wrong direction. >> reporter: negotiations between president obama and house republican leaders stalled last week. the house is now leaving it up to the democratic-controlled senate to solve the problem before the new year deadline. in addition to the "fiscal cliff," treasury secretary timothy geithner warned congress t
CBS
Dec 27, 2012 4:00am PST
. >>> and now to the efforts to avoid the so-called fiscal cliff. president obama returns to washington later today and the senate is due in session, but just about everyone agrees with just five days left, the possibility for a grand bargain to avoid across-the-board tax increases and spending cuts is all but lost, and even prospects for watered down deals seems slim. tara mergener is in washington with more. tara, good morning. >> good morning, duarte. yes. hopes for legislation to avoid the fiscal cliff now turns to the senate, but white house and republicans remain far apart. senators and staffers will be filling these empty hallways today trying to work out a deal to avoid the fiscal cliff. higher taxes will give the average american about $1,500 less to spend next year, and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short-term spending cuts until a bigger deal can be reached. >> it is going to be a patch because in four days we can't solve everythi
NBC
Dec 27, 2012 5:00am EST
hoping to avoid going over the fiscal cliff. they have five days to do it. >> hallie jackson joins us live with more on that. >> the other deadline has to do with the debt ceiling. the treasury is making moves. otherwise we have the debt limit on monday. that is the last day of fiscal cliff talks. the president departed hawaii to return to washington where it is not just the temperature that is chillier. talks cooled over the holidays over how to avoid the massive tax hikes. >> taxes are going to go up no matter what. they go up a lot more and that is where the political hit comes. >> house republicans point the finger at the other chamber saying the senate must act on a bill to avoid the fiscal cliff. the gop is blamed for the holdup. no further legislation can move unless republicans drop their knee-jerk obstruction. the mayfield gradual at first, except on wall street. >> the reaction of the financial markets and the stock markets. you could see something quick. >> a top ceo is hoping to jolts them into action. >> i am maintaining my optimism that we will see the republicans and ad
NBC
Dec 27, 2012 6:00am EST
the double deadline. hoping to get a deal in the next few days to avoid going of the fiscal cliff. hallie jackson has more. >> the treasury is making moves. otherwise we have the debt limit on monday. that is the last day of fiscal cliff talks. the president departed hawaii to return to washington, where it is not just the temperature that is chillier. talks cooled over the holidays over how to avoid the massive tax hikes. they are set to begin in just a few days. >> taxes are going to go up no matter what. they could go up a lot more, and that is where the political hit comes. >> house republicans point the finger at the other chamber, saying the senate must act on a bill to avoid the fiscal cliff. a spokesman for harry reid some are blaming the gop for the holdup. no further legislation can move unless republicans drop their knee-jerk obstructionism. if the country falls off the fiscal cliff, it may feel gradual at first, except on wall street. >> the reaction from the financial markets and the stock markets -- you could see something quick. >> a top ceo is hoping to jolt them into acti
FOX News
Dec 26, 2012 7:00pm PST
tomorrow. >>> tonight a new hurdle in the race to avoid the fiscal cliff. the weather. a powerful winter storm blasting the nation as president obama and lawmakers try to get back to washington. >> all eyes turn to plan c. >> i would hope that we would have one last attempt here to do what everyone knows what needs to be done. look at the front page here. it says obama headed back to work after short vacation. >> i think the president is eager to go over the cliff for political purposes. >> if we go off the cliff unimpeded, it's a $400 billion tax hike. >> outrage after a newspaper gets its hands on the names and addresses of gun permit holders and then publishes the information online. >> the only thing that stops a bad guy with a gun is a good guy with a gun. >> isn't it possible that if we got rid of these, if we replaced them and said you can only have a magazine that carries five bullets or ten bullets, isn't it just possible that we could reduce the carnage in a situation like this? >> i don't believe that will make one difference. >> oh, my god, a tornado. >> winter weather threat
ABC
Dec 27, 2012 4:00am EST
was murdered. >>> first, how starbucks is getting involved in negotiations to avoid the fiscal cliff. >>> and later, one man's priceless reaction as he opens his christmas gift. the video has gotten millions of views already. now, his family is sharing the inside story with us. >>> welcome back. toyota has agreed to one of the largest settlements in history, involving auto defect claims. the company has okayed a $1.1 billion deal to settle a class-action lawsuit that vehicles unintentionally accelerated. owners of about 18 million vehicles are covered by the settlement, which still needs approval from a federal judge. >>> the year is ending on a high note for the housing market. nationwide home prices are on track to put up their first annual gains in six years. the latest numbers show home prices in the 20 biggest cities jumped 4.3% in october. that's compared to a year ago. and the standard & poor's case report shows prices are up 6.9%. >>> it's a different story for holiday sales, which are turning out to be the weakest since 2008. one retail report says sales in the two months le
CNBC
Dec 27, 2012 3:00pm EST
into this meeting coming up on sunday night and what he thinks about the odds of avoiding the fiscal cliff. that should be very interesting coming up. >> before the break, let's check out what this ceo from milwaukee thinks about the impending fiscal crisis. >> my name is rich moussen. i'm the president and ceo of badger meters. we have about 1,400 employees around the world. the fiscal cliff is scary and should be scary. another recession. higher unemployment. economic slowdown. tax money taken out of the economy. those are major concerns. we're going to have to react as a business and it could result in cutbacks. the fiscal cliff was meant to be something that nobody wanted to go anywhere near, and here we are about to go off it. we really need our elected officials to figure this out. come up with a reasonable compromise that keeps our economy growing and gives us some certain about the future so we can make our plans as business leaders. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generatio
CBS
Dec 27, 2012 5:00am PST
:06. president obama flew back to washington from hawaii overnight to work on the plan to avoid the "fiscal cliff." cbs reporter tara mergener says congress remains gridlocked and fewer americans expect any progress before the new year. >>> reporter: senators and staffers will be filling these empty hallways today trying to work out a deal to avoid the "fiscal cliff." higher taxes will give the average american about $1,500 less to spend next year. and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short term spending cuts until a bigger dooley can be reached. >> it is going to be a patch because in four days we can't solve everything. >> reporter: while senators try to brave the bad weather that has hit many parts of the country, in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. >> good morning? >> reporter: house republicans scuttled the proposal from speaker john boehner last week
KICU
Dec 26, 2012 7:00pm PST
on congress only have a few kays left to avoid the fiscal cliff. the stakes are high but there's still ou mitch. >> the capitol is as dreary as the washington weather. negotiation ors and the president are back to work. >> at the very least, let's agree on what we already agree on. an olive branch to the gop including the bay area's google and apple now suggesting cutting corporate tax rates. they are among the world's highest. avoid $2 billion in taxs last year. >> corporations are a little little --ed because they're not sure the extent to which they would be eliminated. >> he is optimistic about a deal. what seems ncdly likely according to congressional staffers i talked with today is to allow the country to go over that fiscal cliff. that would allow hard lying republicans to have lower taxes. >> to apiece voters. great. >> so called it low form of chay in an begans. >> i think it would be horrible. i think i don't think it's fair to the american people. >> with 2 million people on the verge of losing their unemployment benefits, there are too many lives at stake if we don't get it be
NBC
Dec 27, 2012 4:30am EST
. >> five days left to avoid the fiscal cliff. >> we are taking a live picture of the west side. have a good night. here you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. want to start the day with something heart healthy and delicious? you're a talking bee... honey t cheerios has whole grain oats that can help lower cholesterol. and it tastes good? sure does! right... ♪ wow. delicious, right? yeah. it's the honey, it makes it taste so... ♪ well, would you look at the time... what's the rush? be happy. be healthy. [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> you'r
ABC
Dec 27, 2012 5:30am EST
but that doesn't mean there's any hope of avoiding the fiscal cliff. congressional officials say no negotiations have been set and without an agreement, automatic tax increases for everyone and deep cuts will be triggered in the new year. the main dispute continues to be over raising taxes. >>> news time right now 5:47. starbucks will tackle the fiscal cliff one cup at a time. the ceo how old shut wants workers in the -- howard schultz wants workers in the d.c. area store to write come together on the coffee cups they serve today and tomorrow. he says it's the company's way of respectfully telling politicians they need to find common ground. >> if people would get in the room and lee their ego behind and not be so skewed towards the party but be so sensitive to the lens of the american people, we will have an agreement. >> now this is just a suggestion from the ceo of starbucks. and employees won't be forced to write anything but a customer's name on the cup. >>> news around the nation this morning, hawaii's governor announced lieutenant governor will fill the u.s. senate seat vacated by the dea
ABC
Dec 27, 2012 6:00pm EST
be impacted from maine down to texas. >>> the senate is back hoping to find a compromise to avoid the fiscal cliff. the house is still on a break leaving some to wonder if there is time to strike a deal or if the economy is doomed to go over the edge when the clock hits midnight. >> reporter: hundreds of waterford crystals in installed on the ball in new york's time square. the countdown to the new year is underway. in washington there is a much more ominous count down underway. five days and counting until the united states economy goes over the fiscal cliff if something isn't done. >> american people are waiting for the ball to drop but it's not going to be a good drop. >> reporter: with no deal taxes will go up and spending will be slashed. some warn the impact could spark another recession. with the deadline approaching the president returned to the white house and the united states senate is back in session. the house will reconvene by sunday evening. >> there is still time and it depends on how complicated the fiction it. >> reporter: the sticking point continues to be taxes. democra
MSNBC
Dec 27, 2012 7:00am PST
are, but i think from where the end game is in the short term, avoiding the fiscal cliff, everybody agrees has to happen. let's put aside the brings manship and gamesmanship that seems to prevail in the house of representatives, and give the house a vote. they should be here right now. we're all here in the senate. why isn't the house here? >> what are you seeing, just returning from your district, from your state, when you look at how this issue is being discussed in papers across the country, it's not a headline. more often than not it's not even on the front page. on the flip side, people are saying where is the urgency? why isn't congress doing something about this and coming together? >> i know you've used the term sense of urgency, but i think people want common sense and that's common ground. there will be a sense of urgency if we fail to avoid the fiscal cliff, go over it and the markets react badly to it. right now people want us to come together in a bipartisan way. the absolute has to be bipartisan in the house. we've seen that in the last week. not even plan b, which is
FOX News
Dec 27, 2012 12:00pm PST
.c. to avoid the looming fiscal cliff. with five days until major spending cuts kick in and taxes go up on everybody, the white house says president obama made separate phone calls to the senate leaders, harry reid, and john boehner. that was last night before the president took air force one from hawaii to washington. molly is live for us at the white house. update us on the next move from the obama administration. >> despite the phone calls that the president made before he left hawaii, he spoke to top democrats and republicans and no negotiation meetings have been set. at least not formally or public limit there's nothing set yet between all the sides to discuss this. the president's back in washington after he cut short vacation to get back to the white house for possible last minute fiscal cliff talks leaving his wife and daughters in hawaii. the vice president is scheduled to be here today for meetings. don't forget the obama administration and congress have the debt ceiling hanging over them. the u.s. set to hit the borrowing limit of over $16 trillion by the end of the year. the
ABC
Dec 27, 2012 5:00pm EST
legislation to avoid the entire fiscal cliff. democrats have not. the president returned to washington today for a last minute push before leaving vacation in hawaii he had separate phone talks with congressional leaders but it's not clear that those talks helps. washington's failure to avoid the cliff threatens to undermine the recovery as americans face big tax hikes, adding to the mess the treasurey department is warning that the government will soon be unable to pay its bills. the house republican leaders say they will take action on whatever bill the senate can pass but the senate must act first. abc news washington. >> now for more on the fiscal cliff and what it could mean for your pay we have you covered. just head to the home page, slide show for a break down of what difference situations in washington could mean for your bank account. >>> and we are working for you with only four days left in the year it's a good time to talk about the maryland homestead tax credit application deadline one more time. the credit is used to help off set increase in your state property taxes. that wo
FOX Business
Dec 27, 2012 4:00pm EST
is breaking loose. and just like the titanic going down, this fiscal cliff tragedy was avoidable. last year the president said several times that we don't need any tax rate increases, even, going so far in his 2011 budget to recommend lowering all tax rates in get rid of deductions. now he is willing to send us into thent dids of recession because he won't give up on tax rate increases. many would fault the republicans. no matter who is to blame, it is the stubbornness of politicians trying to get ahead by risking our jobs and our lives is what is wrong with the way this country is run. it has got to stop. but it appears it won't stop until they have sent us over the cliff and into the deep. for more, we turn to a man who has been warning us all about the folly of this for some time, former presidential candidate and chairman of forbes media, steve forbes. steve, by the way any doubt if we do over a cliff, we'll go into recession? >> i think the economy is going to be in a slowdown any way. already business decisions have been put off, david because of uncertainty surrounding this, not to m
FOX News
Dec 27, 2012 3:00pm PST
with the president and key congressional leaders. >> thank you. if the fiscal cliff can be avoided there is another gigantic hurdle awaiting the lawmakers. >> they will hit the credit limit of $16.4 trillion on december 31. the nation thereafter can't pay the bills unless congress raises the limit. >> with a new congress in january we need to revisit an finally give ourselves the determination to solve not only our short-term debt but the long-term debt. >> they raised the debt limit 11 times in a decade. most recently in august 2011 after a bruising political fight. democrats accuse republicans of using the debt limit as political "leverage" to press for spending cuts. a point they tried to make with a jarring comparison. >> this is somewhat to taking your child hos tam and saying i'll shoot my child if you don't do what i want done. you don't want to shoot your child. no leader wants to default on the debt. >> they said there is breathing room and the treasury department will take extraordinary measures authorized by law. that will create head room under the debt limit. under normal circumstances
CBS
Dec 27, 2012 7:00am PST
. >> president owe pa ma returns to washington today with five days to avoid the fiscal cliff. >> all eyes will be on the senate after house republicans said it's up to senate leadership to reach a deal. >>> starbucks is urging action asking baristas in his washington, d.c., cafes to write the word "come together" on the cups. >> a new york newspaper facing backlash after it published the names and addresses of local gun owners. >>> a busy shanghai shopping center a shark tank exploded. >>> the windy city of chicago will sport america's most expensive parking meters. >> what do you think about that? >> too much. >> all that -- >> smith catches, shoots puts it up, puts it in at the buzzer! j.r. smith with another game winner! >>> what is your favorite app? >> scrabble. >> sometimes i want to yank that out of your hands. >> and all that matters. >> an endangered thin backed whale watched up on the breezy point section of queens. >> on "cbs this morning." >> i know he's smiling but that medal hanging around his neck there's a 40% chance he'll hang himself with it. captionin
ABC
Dec 27, 2012 4:30am EST
to pass at least a scaled down measure to avoid going over the fiscal cliff. now unless both sides can agree on anything close to $1 trillion in spending cuts and tax increases will go into effect beginning new year's day. from there megan some are projecting the country compound find itself in -- could find itself in another recession. >>> even starbucks is getting into the fight over the fiscal cliff. the coffee company's ceo wants the workers in the d.c. area stores to write come together on the coffee cups they serve today and tomorrow. he says it's the company's way of respectfully telling politicians they need to find common ground. >> the people would get in the room and leave their ego behind, and not be so skewed to the party but be so sensitive to the lens of the american people we will have an agreement. >> this is just a suggestion from the ceo. he says that baristas won't be forced to write anything but a customer's name on the cup. charlie with your nonfat triple skim extra hot latte -- you might have a little political message. >> they write megan on that coup. i ordered
CNN
Dec 27, 2012 1:00pm PST
answer, a yes or a no. are they going to avoid the fiscal cliff, erick? >> no. >> how about you, cornell? >> no. >> oh, my goodness. un anymore tea. thank you. happy new year to you all. i appreciate it. >>> a ban on americans adopting russian children. vad lir putin's signature will make it official and it will crush hundreds of families. >> we rely on our faith and our hope in juice sus christ and that's what is going to get us through this. but it would just be devastating for those kids. if you need them.even drops this. but it would just be devastating for those kids. is going to get . but it wld just be devastating for those kids. what is going to this. but it would just be devastating for those kids. f year. ♪ nice sweater. thank you. ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy'
ABC
Dec 27, 2012 6:00am PST
to washington from hawaii to try to reach a deal to avoid fiscal cliff. 8president boarded air be arriving around 8:45 our time this morning. the president cut short his holiday vacation. democrats and republicansqló hae four days to reach a+%sxç deal before mandatory budget cuts and tax increases kick in on >>> netflix wants to get into the social networking game. >> new ceo of yahoo plans to make appearance at upcoming electronics show in las vegas. >>> goodÚç morning ellen. >>> good morning. the big consumer electronics of -- marissa mayer, a lot of hope she is expected to be there. she is an ing partiesanaÑ, one-on-one meetings trying -- trying to reestablish the sometimes rocky relationship that yahoo has had with 17 minutes into the trading session little change, we are seeing gains, for the dow, for the nasdaq as well as s&p. bloomberg index has been in the negative since we opened, a lot of wait and see about what is going to happen now that the president and congress are returning to washington today to deal with fukushima daiichi -- to deal with the fiscal omq= cliff issu.
ABC
Dec 27, 2012 2:35am EST
one is avoiding the fiscal cliff. >> unless the president obama and congress can reach a deal by the new year, tax increases and spending cuts will take deep effect. >> president obama's re-election was one of the biggest political stories of the year. >> with the first of our year enders, here's abc's karen travers. >> reporter: president obama had to overcome a well funded opponent, struggling economy and voter doubts that he had the right agenda to turn the nation around. and after a roller coaster season, he got them. mitt romney may have started off at the front runner, but to win the republican nomination, he had to fend off some feisty challengers. >> he's the worst republican in the country to put up against president obama. >> reporter: and overcome some self-inflicted wounds. after 50 primary contests, romney clenched the nomination and it was on to the general election. >> it will be a choice between -- >> two very different paths. >> reporter: their battle focused on the economy. >> we can't afford another four years like the last four years. >> we need more tax cu
KCSMMHZ
Dec 27, 2012 6:00am PST
that the market is surging too quickly. others are waiting to see if the u.s. can avoid the so-called fiscal cliff before the year-end deadline. >>> and bond traders in tokyo are selling japanese government bonds or jgbs. they expect the new administration will issue more bonds to finance its stimulus measures. this sent jgb yields to a three-month high. the ten-year yield on the jgb topped 0.8% on thursday, the highest level since september 21st. yields rise when bond prices fall. analysts say more investors are shifting their financial assets from bonds to stocks so this will cause interest rates to inch up for a while. >>> u.s. treasury department officials have alerted congressional leaders about the debt ceiling. the government will reach this in about two months and the country could suffer a self-inflicted default. congress currently sets the borrowing limit at $16.4 trillion. the national debt rose because of a series of deficit-covering bonds were issued. the government and the republican party are at odds over the issue. the political stalemate in the summer of 2011 over raising the debt
ABC
Dec 26, 2012 5:00pm PST
fiscal cliff. there are five days remaining before hikes are scheduled to take affect. senate due back in session tomorrow nork indication of new proposals on the table. no word of negotiations sessions being scheduled, either. >> still ahead here at 5:00 a controversial battle that shut down a popular recycling center comes to an end. looming deadline for a 30-year-old institution. >> and a bed bug outbreak in the east bay. unique boot camp officials hope will use to squash a growing problem. >> a warning about hidden fees on gift cards that may whittle away the value. did you get one? want to see that report. the news continues in one minute. >>> a san francisco recycling center is scheduled to be closed this weekend. the neighborhood counsel's recycling center has been fighting falls for city hall to be shut down since 1996. the city says this operation has been attracting the homeless. saying they're hoping to turn it into a community garden. the center says collection day will be on december 30th. >> the city of los angeles holding a gun buy back today to take advantage of the out
ABC
Dec 27, 2012 4:30am PST
now on his way back to washington from hawaii to try to reach a deal to avoid the so-called fiscal cliff. he boarded air force one overnight and will be arriving in maryland around 8:45 this morning. the president cut short his vacation. democrats and republicans have just four days to reach a deal before mandatory budget cuts and tax increases kick in january 1st. >>> new senator representing hawaii will arrive on capitol hill today. lt. governor will fill the seat left vacant by the death of senator daniel inouye. he was chosen from a list of three yesterday. the 40-year-old has served as state lawmaker and chairman of the hawaii democratic party. he will serve until an election in 2014. >>> lance armstrong has until today to appeal the ban imposed on him. he lost his seven titles december 6th, when the international cycling<ç÷%Ñ union banned him from the sport for life. penalties came after the united states anti-doping agency hit him with similar sanctions for using banned substances. armstrong did not appeal. it appears he won't challenge this latest ban. >>> gun buy-back i
CBS
Dec 27, 2012 6:00am PST
on a plan to avoid the so- called "fiscal cliff." but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is gettingismy for an agreement. its employees are writing "col together" on coffee cups in d.c. to try to encourage compromise. >>> hawaii's lieutenant governor brian shots will replace the late democratic senator daniel inouye who died of respiratory complications last week. on the day he died he wrote to the governor asking for a female representative to replace him. she made it to the final round of consideration but did not win the nomination. >>> and former president george h.w. bush is in intensive care at a houston hospital with a fever and cough. mr. bush was admitted to the hospital more than a month ago with a bad case of bronchitis. he was then moved to the icu this past sunday. a bush family s
CNN
Dec 26, 2012 5:00pm PST
on the tough stuff. and avoiding the fiscal cliff. it is another sign of the division and dysfunction in washington d.c. where the common sense concerns of main street america. ac 360 starts right now. >> if you are looking for tonight's breaking news look out the woindow. much of it nasty. the kind of stuff tieing up travel. tornados out of season and out of the blue in your face. >> my god we need to go. it is right there. we have to hurry up and get past it. >> one view of the storm as it moved throughed alabama area. >> my god look that is a tornado. wow. jesus look at that tornado. my god that is cool. jesus please keep your hands on who ever is over there. look at them. that is like two tornados. it is two funnels on the ground. oh lord. look there. wow. oh xgt oh my god look at that. look there is another one it is fix thiing to touch down. we are going to have toged in the bathroom it is coming towards us. in the south like little rock, arkansas they got 9 inches of snow. more than they have seen in 86 years. it is more coming farther north. rarely so much at once. a foot and
CBS
Dec 27, 2012 4:30am PST
on a plan to avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are writing "come together" on coffee cups to encourage compromise. >>> hawaii's democratic governor will replace daniel inoue to represent the state of hawaii in washington, d.c. inouye died of respiratory complications last week. on the day he died, the late senator wrote to the governor asking for representative colleen hanabusa to replay him. she made it to the final round of considerations but didn't win that nomination. >>> former president george h.w. bush is in intensive care at a houston hospital with a fever and lingering cough. mr. bush was admitted to the hospital more than a month ago with bronchitis. he was moved to icu sunday. a bush family spokesman says t
PBS
Dec 26, 2012 4:30pm PST
: the odds of avoiding the fiscal cliff did not get any better over the holiday. staff discussions continue, but there were few signs much, if anything has been accomplished. the house isn't even scheduled to return to washington yet, leaving it up to the senate to act. >> this is a senate that is incredibly divided, hopelessly partisan, requires 60 votes to do anything and somehow, we are going to be relying on them to in five days, come up with a compromise which is acceptable where a compromise wasn't acceptable in four years. >> reporter: it now looks like some kind of fall over the cliff is the likeliest scenario. and depending on how long it lasts, it could signal a prolonged fight over the debt limit that could spook markets again in february. >> the republicans are going to be defeated coming out of this fiscal cliff fight. and i think that they are just not going to go along with raising the debt ceiling unless they get something for it. and if the president is not prepared to give them something, then it's going to be really hard to see a way out of that. >> reporter: if congress
KRON
Dec 27, 2012 6:00am PST
public stance on avoiding the fiscal cliff. the starbucks ceo as its workers at 120 d.c. area stores to write come together on coffee cups they serve today and tomorrow. he says it's a way to " send our elected officials in respectful but the message, urging them to come together to find common ground " on prices might still be recovering but the price of rentals has skyrocketed and many u.s. cities especially oakland and san francisco. san francisco that the no. 10 spot well open comes in at no. 2. according to the cnn report opens all rents surged partly fuelled by renters priced out of san francisco which is still booming with tech talent. the year over a rise the year over year rise in oakland was 11.6% in sampras's go it is a 5.8%. the number one spot goes to houston at 16.8%. we will be right back. óó >> we're watching the weather across the country because a lot of people are traveling this week. all of the weather we saw this past week has pushed east and now it is in new york. also parts of new england are being hammered by snow. this is a storm that has been given a name
ABC
Dec 27, 2012 6:00am EST
are now back in d.c. but that doesn't mean there's any hope for real hope of avoiding the fiscal cliff. congressional officials say they don't have any significant strides to a compromise. it didn't happen during the long christmas break and there are no negotiations currently on the books. without an agreement, automatic tax increases for everyone and deep spending cuts specifically to defense will go into effect on january 1st. the main dispute remains over who are you going to tax and how much. >>> three minutes after 6:00 right now. and get ready to gamble all hours of the night and day because at 8:00 this morning, maryland live casino will open their doors and they are going to stay open for 24 hours a day from now on. abc2 news linda so is live at the casino this morning with what we can expect. linda, good morning. >> reporter: hi, good morning. it all happens about two hours at 8:00 this morning. they will be opening the doors for good opening 24 hours a day, 7 days a week, 365 days a year. and exciting day here it's never going to look like this with nobody here ever again. j
ABC
Dec 27, 2012 6:30am EST
they're any closer to a deal avoiding the fiscal cliff. congressional officials say they have no significant strides toward a compromise from the long christmas break. and they had no negotiations or meetings set right now. without an agreement, automatic tax increases for everyone and deep spending cuts will be trig everyday in the new year. -- triggered in the new year. the main dispute continues over who gets taxed and exactly how much they will be taxed. >>> ? less than two hours you can gamble around the clock. maryland live casino is now getting ready to open the doors and they will never close once that happens. own 24/7 and abc2 news linda so is live this morning at the casino and linda, are you playing yet? >> reporter: no, not yet. you said it yourself. it all happens at 8:00. you know it's never going to look this quiet again. because when they open those doors this morning at 8:00, this place as you said will be open every day of the week, 24 hours a day. this is the first casino in maryland to do so to tell us more about it this morning the general manager here ro
FOX Business
Dec 27, 2012 5:00pm EST
at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal is. we put revenues on the table. there needs to be some savings. and i believe we can get a deal so let's go. adam: what will the do look like? the president at one point actually upped what he was willing to tax. he wants taxes. originally saying on incomes of 250,000 and up. then he went to 400,000. what kind of compromise do we need from both side to get a deal done so that i don't have to keep boring people with this term fiscal cliff? >> right. to really get the deal done right you need about 4 troll trillion to get us back on track. that means pro-growth tax reform, entitlement reform and better control
FOX
Dec 27, 2012 7:00am PST
showed you, the senate is back in session. they are hoping to strike a deal and avoid the fiscal cliff. we are in washington where some republicans are pessimistic an agreement can be reached. >> reporter: the senate majority leader is on the floor right now. we will take a live look at the capitol. he is trying to get republican support for the latest democratic plan. they got back to work about 15 minutes ago and are considering the president's offer to raise taxes on households making $400,000 or more a year. even if it passes the senate he is concerned about the house where he will need about 30 republicans to cross party lines. the house speaker said he is not making members of the house come back from their break without a 48 hour notice on a vote. in the last -- >> american people i don't think understand the house is operating without the house of house. its being operated with a dictatorship of the speaker. >> reporter: on top of this the treasurey department said the united states will hit its debt ceiling on monday and unless it takes extraordinary measures the country cou
MSNBC
Dec 26, 2012 9:00pm PST
up the wall. people seem to think the fiscal cliff is fix the debt. the problem with the fiscal cliff, the thing we're trying to avoid, the actual danger to the economy, is that we will get too much deficit reduction too quickly. if reducing the deficit was what the economy needed we could go right off the cliff and leave it there. you can see it in this graph, that line going down. that is the fiscal cliff, we went over our deficit problems, gone baby, totally, totally gone. one thing the fear of the fiscal cliff shows by the way, in the fox hole, everyone's a kinsian. everyone agrees. that is number one. too much austerity way too quickly. president obama is not asking for that much in taxes. it's worth getting a bit of perspective in here. you'll be shocked to know, we got a graph for that. here's what happens if we go over the cliff. you get more than $5 trillion in tax increases off the bat. and now here's what happens if we pass the sainted simpson bowles plan. you've heard of the plan. they have 2.6 trillion in tax increases. president obama's latest offer to john boehner has 1
CSPAN
Dec 27, 2012 9:00am EST
over here. the way to avoid the fiscal cliff has been right in the face of the republican leaders, both mcconnell and baron --, boehner for days and days and days going into weeks and months and it's the only option that is a viable escape route. that's the senate-passed bill. it wouldn't hard to pass, i've talked about that at some length. every democrat in the house would vote for it, a handful of republicans would vote for it. that's all that would be nominee needed. but, mr. president, grover norquist is standing in the way of this. not the rich people. but grover norquist. the man who says what the republicans can do. so i say to the speaker, take the escape hatch that we've left you. put the economic fate of the nation heafd your own fate as speaker of the house. millions of middle-class families are nervously watching and counting down the moments until their taxes go up. nothing can move forward in regards to our budget crisis unless speaker boehner and leader mcconnell are willing to participate in coming up with a bipartisan plan. speaker boehner is unwilling to negotiate, we
FOX News
Dec 27, 2012 1:00pm PST
because a half trillion dollars plus tax hit is about to kick in as a deal to avoid the fiscal cliff is no where are in sight and time is running out. we hit the streets to show people this. this graphic shows how big a tax hit you could expect depending on your income no matter where in the country you live. for folks who could soon be forced to pay higher taxes, reality setting in. >> january 1st, that's what your taxes would go up. >> wow. >> wow. >> wow is not wow. >> well, it's going to be somewhere between 8,000 to $12,000, which i don't have. so i'm not looking forward to that. >> we're living paycheck by paycheck. i have five kids and that's going to put us way down in the hole. >> i'm a single income, you've got to be kidding. >> that's a lot of money. >> we need to keep our money in our pockets to help our country first. >> that sucks. i have a lot more better things to do with that money than give it someplace else. >> taxpayers are clearly worried. it deny next guest reaction from florida republican congressman, good friend, allen west. start with the -- some news we hear
FOX News
Dec 27, 2012 10:00am PST
for avoiding the fiscal cliff. so what will that mean, and how will america respond come january 1st? gregg: new developments in the investigation into the deadly connecticut school shooting. jenette sises have been asked to study the gunman's dna. what can they learn about it? gregg: severe weather alert. winter warnings in effect as a brutal storm is sweeping through the u.s. it brought massive amounts of snow and even tornados to parts of country and claimed at least 15 lives. illinois was no exception. major problems on the roads as snow and sleet pounded the area, forcing some businesses to remain closed. maria molina is keeping an eye on the storm from the extreme weather center. we're going to get the latest, top of the hour. >> new year's eve is fast approaching and for decade and decade the american people have watched the ball drop in times square. it is the countdown to midnight, the start of a new year. but this year, mr. president, the american people are waiting for the ball to drop but it will not be a good drop. heather: those words from senate majority leader harry reid as
NBC
Dec 26, 2012 11:00pm EST
to avoid having the economy go over the fiscal cliff nears. as president obama is on his way back to washington, some lawmakers are also expected to get back to the nation's capital. >> with just five days left to reach an agreement, doubts are growing the white house and republicans can cut a deal in time. after spending part of his christmas holiday visiting troops in hawaii, president obama to resume but the talks. congressional aides said the holiday did not bring much progress and form on the initiations have yet to be scheduled. the senate is to attend the session thursday. when the house will reconvene is still uncertain. >> we were talking about the debt ceiling and it came down the 12 hour, the final few minutes before the deadline to get a full-fledged a grim past. >> some economists fear the combination of budget cuts and higher taxes could trigger another recession, as consumers cut back on spending. others said the deadline is not as firm. congress could pass a temporary measure early in the new year doubled will back any changes. political analysts warn some conseque
CNN
Dec 27, 2012 4:00am PST
have five days to act to avoid the fiscal cliff. here's what happens if we go over the fiscal cliff. all the bush tax cuts, all of them will expire with taxes going up an average of $1600 per household. the payroll tax holiday also expires. that means the tax burden will go up an average $z700 per household extra. extended unemployment benefits expire so collection shrinks from 93 weeks to 26 weeks. the medicare doc fix expires, that means a 27% cut in physician payments. the alternative minimum tax expands to 27 million more americans and obama care taxes hit, meaning a 0.9% jump in the medicare payroll tax for those earning $200,000 or more. but what about the house of representatives? they left town after republicans failed to bring a vote on their own plan b last week. ohio republican congressman steve latourette seems kpas rat -- kpas rated about all of this. you're on your way out and you repudiated the norquist pledge which you signed back in 1994. tell me why? >> well, i repudiated it because, listen, it's not 1994 anymore. the world has moved on. we have the euro, we've had
FOX News
Dec 26, 2012 4:00pm PST
the fiscal cliff. if they don't, our paychecks and the economy could take a hit. find out how it would effect you and your bottom line as "the fox report" rolls along. a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest pro-health for life. selected for people over 50. pro-health for life is a toothpaste that defends against tender, inflamed gums, sensitivity and weak enamel. conditions people over 50 experience. crest pro-health for life. so jill can keep living the good life. crest. life opens up when you do. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank y
FOX News
Dec 27, 2012 2:00pm PST
of perfection. >>> the big story today is the final four days to avoid the fiscal cliff. the last minute wrangling, the house in recess ready to come back to session sunday night to await a deal from the senate, which is in session. house republicans say they passed two bills already. on top of the fiscal cliff, there is the milk cliff, which could add to the weekly shopping bill in a big way. early next year, fight about raising the debt ceiling. after the scathing report on september 11 attack in benghazi, libbia, we thought that four mid-level government workers had taken the fall for the security failures at the state department. it turns out that is far from the case. we'll explain. it's been a year since the tornado flattened their church. but only now can the rebuilding begin. all because of red tape. grapevine, why being too attractive cost a woman her job. "special report" from washington starts at 6:00 p.m. eastern. now back to new york and "the five." ♪ ♪ >> welcome back to "the five." shop in saint paul has been warned to stop selling candy smokes with bubble gum cigars a
ABC
Dec 26, 2012 4:00pm PST
heading back to washington after a break but e. avoid the fiscal cliff. official says they don't know of any significant strides towards a compromise being made for the long christmas weekend. >> president obama spent part of the christmas day greeting thanking service member autos thanks for the work. >> knowing there are steeper cuts and the president is giving it a last shot, cutting short his vacation, returning to washington, d.c. tomorrow to try to hammer out a last minute deal with congressional republicans. if there is no break through, every american will be hit with higher taxes. a schoolteacher with two kids and a salary of $43,000 will face a tax hike of $3,000. the super rich like lebron james would see his tax goes up more thanhóÁ$2.4 million this year. >> i want us to not go over the cliff. i think it hurts the country. >> middle class people shouldn't have tax goes up?(héq $2,000 a year, we should start making some meaningful reform on debt. >> going over the fiscal cliff mean morz than higher taxes. federal workers at risk of being furloughed and unemployment benef
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